• Lumentum Holdings average return on tangible equity for 2023 was -154.16, a 1566.79% decline from 2022.
• Lumentum Holdings average return on tangible equity for 2022 was 10.51, a 63.86% decline from 2021.
• Lumentum Holdings average return on tangible equity for 2021 was 29.08, a 99.73% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.